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They could exchange them for Euros.
by s_dev 6y ago
They could exchange them for Euros.
- neilwilson 6y agoOnly if there is somebody selling the Euros for dollars - which by definition is somebody with a need for US dollars to settle some debt in the US.
- jotakami 6y agoEver heard of Eurodollars? That’s exactly what the original article is talking about. There are foreign banks that loan dollars—fractionally—outside of the US banking system. Dollars are needed to settle those debts, and they exist fully outside of the US.